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Foreign earnings tax break could add 2.9 million jobs, study says
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Foreign earnings tax break could add 2.9 million jobs, study says
Foreign earnings tax break could add 2.9 million jobs, study says
Temporarily reducing the tax rate on the foreign earnings of U.S. companies would lure back $700 billion in profits held abroad, the U.S. Chamber of Commerce says. The Obama administration opposes a break that is not part of broader corporate tax reform.
http://www.latimes.com/business/la-fi-foreign-earnings-jobs-20110908,0,6531811.story
Temporarily reducing the tax rate on the foreign earnings of U.S. companies would lure back $700 billion in profits held abroad, the U.S. Chamber of Commerce says. The Obama administration opposes a break that is not part of broader corporate tax reform.
http://www.latimes.com/business/la-fi-foreign-earnings-jobs-20110908,0,6531811.story
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Foreign earnings tax break could add 2.9 million jobs, study says
Great !!! And Bank of America recently announced that they are cutting 30,000 jobs !!! Wonder where THEY are going ???
requete'- Premium Poster
- Posts : 290
Join date : 2011-02-14
Age : 74
Location : Flint, Michigan
Job/hobbies : Long Term Unemployed - 99er- now Retired
Re: Foreign earnings tax break could add 2.9 million jobs, study says
Common sense but neither party cares. I've heard some terrible stories that more and more call center jobs are going overseas. BOA loans need to be pulled ASAP because I am tired of giving tax breaks to outsourcing companies.
new_wave_princess- Elite Poster
- Posts : 595
Join date : 2011-02-13
Re: Foreign earnings tax break could add 2.9 million jobs, study says
I agree end the tax breaks.......and bring back the profits to create jobs........This is a no brainer to me but I guess having a little common sense is too much to ask for......
KeeptheFaith- Premium Poster
- Posts : 471
Join date : 2011-02-13
Re: Foreign earnings tax break could add 2.9 million jobs, study says
Politicians are ruled by how deep their pockets are, and how much they can put into them. Common sense - they don't have any !!!!! WE lost our Democracy when we started to allow elected Officials to represent us, and became a Republic !!!
Last edited by requete' on Thu Sep 15, 2011 2:30 pm; edited 1 time in total (Reason for editing : additional comment)
requete'- Premium Poster
- Posts : 290
Join date : 2011-02-14
Age : 74
Location : Flint, Michigan
Job/hobbies : Long Term Unemployed - 99er- now Retired
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